Shell to axe further 2,200 jobs
Published on: Thursday, May 26, 2016
LONDON: Energy giant Royal Dutch Shell on Wednesday said it was cutting at least another 2,200 jobs owing to low oil prices and following its takeover of smaller rival BG Group."Shell staff have been informed about the progress being made on integrating BG into the company, and on further measures that are necessary to ensure Shell is competitive in a 'lower for longer' oil price environment," the Anglo-Dutch group said in a statement.Shell said the latest losses bring to at least 12,500 the number of staff and direct contractor roles being cut from the company between the start of last year and end of 2016.ADVERTISEMENT Jobs are being axed at its operations in the North Sea off the coast of Scotland, as well as in Ireland and elsewhere.Stay up-to-date by following Daily Express’s Telegram channel.
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"These are tough times for our industry and we have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn," said Paul Goodfellow, Shell's vice president for UK & Ireland. "In 2016, the number of job reductions in response to low prices and as a result of the BG integration is expected to total at least 5,000 globally." – AFP